European markets were lower to start the new trading week Monday as investors assessed the economic outlook after hopes of a Federal Reserve interest rate cut were boosted Friday.

The pan-European Stoxx 600 was last down by 0.3%, with regional indexes largely trading in negative territory. Germany's DAX and France's CAC 40 were last each down by around 0.5%. U.K. markets were closed for a public holiday.

Investors on Monday closely watched shares of windfarm developer Orsted . Late on Friday, U.S. authorities ordered the company to halt construction of a near-complete project off of Rhode Island, threatening Orsted's plans to raise capital.

Orsted shares tumbled to start the trading day and were last down by around 15%.

Elsewhere, U.S. beverage company Keurig Dr Pepp

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